Anchor Resources announces Wild Cattle Creek antimony resource November 24, 2009

Anchor Resources Ltd (ASX: AHR) announces that the resource estimation for the Wild Cattle Creek antimony deposit (NSW), following Anchor’s maiden drilling program, is now complete. Additional drilling is now being planned to enhance and expand this resource.

Highlights

• Current resource of 17,500t of contained antimony metal (at 0.5%Sb cut-off)
• Anchor drilling extended the main zone resource >120m down plunge
• Further data is required to incorporate gold-tungsten into main zone resource
• New antimony-tungsten peripheral stringer mineralisation not yet included
• Planning of next drill phase is well advanced

Managing Director, Trevor Woolfe, commented “The antimony resource resulting from our recent drilling program provides a strong base for further resource expansion drilling in the New Year. Additional work will also be done to quantify the economic potential of antimony-tungsten-gold mineralisation within, and adjacent to, the main zone.”

Click here to view the full announcement.

For more information, please contact:

Trevor Woolfe (Managing Director)
Anchor Resources Limited
Office: Suite 404, 25 Lime St, Sydney, NSW 2000
Phone: +61 2 9279 1231
Fax: +61 2 9279 2727
www.anchorresources.com.au